Platts Buys Bunkerworld Publisher Petromedia
Platts is owned by New York-Headquartered McGraw Hill Financial.
W\u00e4rtsil\u00e4 Lays Off 600, Restructures Ship Power Business in Face of "Sluggish" Market
Wärtsilä says the realignment and personnel reduction will save the company €40 million ($43.39 million) a year.
Debut Voyage of Europe's First LNG Ferry Delayed After Engine Troubles
The ships are powered by two 9-cylinder Wärtsilä 20DF medium-speed engines.
Temasek Looking to Sell Singapore's NOL For $1.7 Billion
NOL operates 92 vessels under the APL brand.
Singapore based Neptune Orient L
Marine Fuel Spill at Australian Port
Sand quality testing has reportedly found a spill area of 20m long and 10m wide.
Maritime Piracy and Armed Robbery in Asia Rises 18%
ReCAAP has called for littoral states to enhance their maritime patrols and presence
Mixed Movements for Crude Futures
Crude futures were mixed today as Brent firmed while WTI sank.
The ICE market firmed $0.46 cents due to a power outage, which closed the UK\u2019s largest oil field, and yesterdays EIA data stating there were some significant draws in US inventories last week.
WTI futures for August delivery fell $0.50 cents following it\u2019s recent trend.\u00a0
Bunkers were steady today in the primary ports.
Cruise Ship Opts for Water-Lubricated Propeller Shaft System
Thordon Bearings' seawater-lubricated propeller shaft system will be installed on the first of two new cruise ships being built for MSC Cruises.
Cheaper Bunkers Help Panama Canal Reclaim Capacity Share
The Panama Canal has gained ground on the route between the Far East and the U.S. East Coast.
Russia Scraps Rotterdam Oil Terminal Project
ING analyst Hamza Khan says facilities storing different sources of oil are more attractive in the current marketplace
Bomin Subsidiary Expands Rostock Bunkering to Meet Demand for ECA Compliant Solutions
OMB will be expanding its physical operation in Rostock, Germany in order to meet demand for ECA compliant solutions.
Lanka IOC Starts Bunkering Operations at Trincomalee
Lanka IOC has commenced bunkering operations from its Trincomolee port oil terminal.
Hong Kong: Shenzhen and Guangzhou Cooperating on Competition Issues Caused by ECA Rules
Concerns for Hong Kong's competitiveness in the face of new emissions regulations for ships is being addressed through cooperation with the ports of Shenzhen and Guangzhou.
2 Million Barrels of Iranian Oil Heading to Singapore in First Move Since Sanctions Deal
NITC's 318,000 DWT, 2012 Chinese built tanker Starla is currently in the Gulf of Oman and has an ETA in Singapore of July 28, 2015 - Data from VesselsValue.com VV@ module
An Iranian supertanker understood to have been used as floating storage in Iranian waters since December, is heading to Singapore loaded with two million barrels of oil, Reuters reports.
Iran is currently storing as much as 51.4 million barrels of crude in floating stora
Irish Navy to Begin Commercialising Fuel Saving Kite Technology
The system has been in development since 2012.
The Irish Naval Service is loo
Vessel Owners Get Second Change to Appeal After OW Bunker Wins First "Who to Pay" Arbitration Case
Vessel owners are now in an appeals process after the decision in favour of OW Bunker during the first test case in London arbitration was upheld.
Maersk Looks to Buy Greek Ports of Piraeus and Thessaloniki
The Greek\u00a0 government is looking to sell its majority stakes in the ports of Piraeus and Thessaloniki following bailout negotiations.
Crude Futures Swing into the Red
Crude futures took a swing into the red today on the assumption that Tuesday\u2019s Iranian sanction lifting will put an excess supply of oil in a already over saturated market.
EIA information stated that there had been a 4.3 million barrel draw in US crude stock last week; but this was not enough to bring prices into the green.
Nearly expiring Brent front month contracts for August delivery fell $1.46 to settle at $57.05 per barrel.
WTI contracts f
Narrowing Singapore Arbitrage Spread With Rotterdam Sees 500 cSt Discount to 380 Widen to 23-Week Low
Avails of RMK in Rotterdam were said to be good, but demand was low.
Low Bunker Consuption W\u00e4rtsil\u00e4 Engine to Power 20,600 TEU Capacity CMA CGM Mega-Ship
The W\u00e4rtsil\u00e4 X92, low-speed, 2-stroke engine, will be delivered by WinGD
W\u00e4rtsil\u00e4 today announced its X92 low bunker consumption engine will power the first in a series of three "mega-class" container vessels being built for French ship owner CMA CGM.
The 20,600 TEU Capacity box ships are being built by Hanjin Heavy Industries & Construction (HHIC) at its shipyard in Subic Bay, Philippines.
The engine features low fu